As it continues to mull the future, The Tribune Company looked somewhat stronger on Thursday as it reported a 78 percent increase in 4Q earnings. The positive report was due mainly to cost-cutting measures, which helped it balance a continuing fall-off in newspaper ad revenues. Additionally, company revenues were boosted by an extra week in the quarter.
Tribune posted net income of $239.1 million, or 99 cents a share, up from $134.4 million, or 43 cents a share, compared to the same period last year. Revenue rose 5.4 percent to $1.47 billion. Other highlights:
— Interactive revenues were up 31 percent to $61 million, mainly due to strength across all classified categories.
— The publishing unit
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